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New Deal


Announced

Completed

Glencore completed the acquisition of the remaining 17.81% stake in PolyMet Mining for $73m.

Financials

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Transaction Value£57m
Consideration TypeCash
Capital Owned82%
Capital Bid For18%
EV/Sales-
EV/EBITDA-
Share Price Premium167%
One Off Charge-

Tags

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Single Bidder

Majority

Acquisition

Friendly

Canada

mine development

General Mining

Cross Border

Privatisation

Public

Completed

Synopsis

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Glencore, a global diversified natural resource company, completed the acquisition of the remaining 17.81% stake in PolyMet Mining, a mine development company, for $73m. Under the Proposal, each Common Share would be acquired for consideration of $2.11 in cash, which is at par with the recent rights offering done by PolyMet in April 2023.

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